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6:09
YouTube
Edspira
Target Costing | Managerial Accounting
An alternative to cost-plus pricing is target costing. With target costing, a company first decides the price it will charge for the product and the profit it would like to achieve. Then it subtracts the desired profit from the expected selling price to find the maximum allowable cost (the target cost). For example, if a company plans to sells ...
35.9K views
Nov 2, 2020
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